BlackRock's red-hot ETF drew 1M investors, 75% new clients
BlackRock's spot Bitcoin exchange-traded funds (ETF) iShares Bitcoin Trust (IBIT), has quickly become a huge client acquisition machine.
BlackRock's ETF IBIT drew nearly 1 million investors since it launched on NASDAQ in January. About 75% of them are new clients, said Jessica Tan, the Head of Americas for Global Product Solutions at BlackRock, during an event earlier in June.According to Bloomberg analysts, the IBIT fund has amassed $87 billion in assets — the biggest ETF launch in BlackRock's history — and it is the fastest-ever fund to reach $50 billion in net inflows.
Eric Balchunas, Senior ETF analyst at Bloomberg, said:
"75% of the investors who bought $IBIT ($87b via one million people) were first-time customers of BlackRock. And 27% of them went on to buy another iShares ETF—just a total coup for BLK all around," on X.
On a lighter note, he also pointed out that had BlackRock's Bitcoin ETFs not existed, its Ethereum ETF iShares Ethereum Trust ETF (ETHA), "would be the fastest ETF in history to hit the $10b[illion] mark by about 2x," implying that investors are keen towards investing in Bitcoin than Ether.
As of July 31, IBIT has realized $57.6 billion in cumulative net inflows, with net assets of $86.79 billion, according to SoSoValue.
The ETF now accounts for almost 70% of all spot Bitcoin ETF trading in 2025, and ranks first in assets, flows, and trading volume within the segment.
While BlackRock's IBIT leads spot Bitcoin ETFs, Reserve's Decentralized Token Folios (DTFs) are stealthily changing how crypto-native investors diversify. DTFs provide tailored on-chain exposure without financial intermediaries by combining ETF accessibility and DeFi composability.
BlackRock's red-hot ETF drew 1M investors, 75% new clients first appeared on TheStreet on Aug 1, 2025
This story was originally reported by TheStreet on Aug 1, 2025, where it first appeared.
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